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) pushed the Telecommunications industry higher today making it today's featured telecommunications winner. The industry as a whole closed the day up 0.2%. By the end of trading, LM Ericsson Telephone Company rose $0.14 (1.1%) to $12.85 on average volume. Throughout the day, 3,174,043 shares of LM Ericsson Telephone Company exchanged hands as compared to its average daily volume of 3,996,900 shares. The stock ranged in a price between $12.80-$12.94 after having opened the day at $12.92 as compared to the previous trading day's close of $12.71. Other companies within the Telecommunications industry that increased today were:
), up 11.2%,
), up 8.8%,
), up 8.0% and
), up 6.8%.
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Ericsson provides telecommunications equipment and services to mobile and fixed network operators worldwide. It operates in four segments: Networks, Global Services, Support Solutions, and ST-Ericsson. LM Ericsson Telephone Company has a market cap of $41.9 billion and is part of the technology sector. Shares are up 3.7% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate LM Ericsson Telephone Company a buy, 2 analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
LM Ericsson Telephone Company
. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow.
- You can view the full LM Ericsson Telephone Company Ratings Report.
On the negative front,
), down 9.6%,
), down 8.2%,
), down 6.9% and
), down 6.5% , were all laggards within the telecommunications industry with
) being today's telecommunications industry laggard.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the telecommunications industry could consider
) while those bearish on the telecommunications industry could consider
- Find other investment ideas from our top rated ETFs lists.